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the dow got as high at 80 points, and the more he talked about the fiscal cliff and other issues facing the economy, it went down, down, down, closing down three points. >> tom: any of the enthusiasm that came out when the federal reserve announced it was going to continue to buy bonds slowly deflated throughout the afternoon, the longer the chairman tended to speak. there was less enthusiasm abo what the federal rerve is doing. maybe less concern about why the federal reserve is doing it. let's go ahead and take a look at our "market focus." the major stock indices couldn't hold on to their midday gains as the federal reserve's efforts to stimulate the economy couldn't keep buyers enthusiastic. volume was moderate-- 693 million shares on the nasdaq. under 1.8 billion on the nasdaq. the technology sector had the biggest percentage losses, down 0.4%. the telecommunications sector saw the best gains, up 1%. hi-tech stora stocks pressured the tech sector as an analyst raised concerns about competitive risks. the concerns were focused on disk drive maker seagate technology. shares fell 3.1%
the dow got as high at 80 points, and the more he talked about the fiscal cliff and other issues facing the economy, it went down, down, down, closing down three points. >> tom: any of the enthusiasm that came out when the federal reserve announced it was going to continue to buy bonds slowly deflated throughout the afternoon, the longer the chairman tended to speak. there was less enthusiasm abo what the federal rerve is doing. maybe less concern about why the federal reserve is doing...
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i don't think this fiscal cliff talks will resolve anything. nothing. charles: the whole thing, though, a lot of conservatives are saying boehner may not be that far away from obama in ideology. in other words, he's purged the tea party within the ranks of the leadership within the g.o.p. and seems to be willing to go down the same path as the president. >> i'm not sure i believe that. i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a deal with the president, rather than speak for the party. noww you know, stuart, in the british system, someone will stand on the floor of the house of commons in the opposition and give a major statement of the party's position in any given fight. i don't see why it should not be possible to designate somebody like paul ryan or eric cantor or even marco rubio to stand down in washington and give a major presentation. charles: if they give the presentation and the lead ser doing something different -- and the leader is doing something different, isn't that a mixed messa
i don't think this fiscal cliff talks will resolve anything. nothing. charles: the whole thing, though, a lot of conservatives are saying boehner may not be that far away from obama in ideology. in other words, he's purged the tea party within the ranks of the leadership within the g.o.p. and seems to be willing to go down the same path as the president. >> i'm not sure i believe that. i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a...
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of the fiscal cliff talks in answer to a question. >> how are you feeling about a deal? optimistic? >> still a work in progress. >> he said it's a work in progress. coming up next, it's all about hillary, but, first, sir paul mccartney paying tribute to hurricane sandy. first responders. while rocking the 12-12-12 benefit concert. ♪ remember, we're playing to lose. i thought we won at everything? by losing, we win. win what? business. and cdw designs technology solutions that keep us winning. they set us up to win. while you... ...set us up to lose. oh, a classic win-lose-win situation. exactly. >> i really don't believe that that's something i will do again. >> you know your husband wants you to run in 2016. what do you say to him? >> he wants me to do what i want to do, and he has made that very clear, and some of what i want to do is just kick back. stoo kick back. will she or won't she? no two political figures are more popular in our new nbc news-wall street yurnl poll than bill clinton and hillary clinton. bill clinton has a magic 60% approval rating. secretary c
of the fiscal cliff talks in answer to a question. >> how are you feeling about a deal? optimistic? >> still a work in progress. >> he said it's a work in progress. coming up next, it's all about hillary, but, first, sir paul mccartney paying tribute to hurricane sandy. first responders. while rocking the 12-12-12 benefit concert. ♪ remember, we're playing to lose. i thought we won at everything? by losing, we win. win what? business. and cdw designs technology solutions...
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. >> the >> the next 48 hours are crucial in the ongoing fiscal cliff talk because president obama won't consider gop cuts to entitlement programs like medicare and medicaid until republicans agree to raise income taxes on people making $250,000 or more a year. one thing both sides agree on, there's a long way to go for a deal can be reached. >> there were some offers exchanged yesterday. and the president and i have pretty frank conversations about how far apart we are. >> there is no indication the republican leadership is willing to acknowledge the basic fact that rates need to rise on the top 2%. >> lawmakers in washington have less than three weeks to reach a budget deal on the so-called fiscal cliff. if they don't, there are fears automatic tax increases and spending cuts could push the economy back into a recession. >>> bonds will continue to be purchased at a cost of $85 billion a month from the federal reserve. it's a move to keep interests low and unemployment rates even lower until the outlook at the labor market improves sub staeshl -- substantially. >>> john mcafee in florid
. >> the >> the next 48 hours are crucial in the ongoing fiscal cliff talk because president obama won't consider gop cuts to entitlement programs like medicare and medicaid until republicans agree to raise income taxes on people making $250,000 or more a year. one thing both sides agree on, there's a long way to go for a deal can be reached. >> there were some offers exchanged yesterday. and the president and i have pretty frank conversations about how far apart we are....
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stocks were struggling this morning as investors keep a close eye on that "fiscal cliff" talks in washington. we in they're having trouble. and so is wall street. the numbers are down in a big way down almost 100 points right now. down but despite the government reports that retail sales are actually up and unemployment claims dropped last week. they need fix that "fiscal cliff" though. >>> this week's jefferson award winner was inspired by her own aunt's experience to create something better for people with developmental disabilities. as kate kelly reports, she is expanding the world for her clients in the name of a stronger community for everyone. >> i put things away. i fold. i say hi to customers. they talk to me and they hug me and see me smile. >> reporter: 39-year-old robin sloan has been working at banana republic in corte madera for 15 years thanks to a program called pacific diversified services, or pds. >> our mission is to help people with disabilities become active members of their community through work and also through community interactions. >> reporter: founded 22 years ago
stocks were struggling this morning as investors keep a close eye on that "fiscal cliff" talks in washington. we in they're having trouble. and so is wall street. the numbers are down in a big way down almost 100 points right now. down but despite the government reports that retail sales are actually up and unemployment claims dropped last week. they need fix that "fiscal cliff" though. >>> this week's jefferson award winner was inspired by her own aunt's experience...
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way of arguing this social -- this fiscal cliff argument. turns out he's not alone. let's look at something we've been seeing this week. >> stop instagramming your breakfast and tweeting your first world problems and getting on youtube so you can see gang 'nam style. ♪ gangnam style >> and start using those sprerbl social media skills to sign people up on this baby. three people a week, let it grow and don't forget, take part or get taken apart. these old coots will clean out the treasury before you get there. >> ifill: "these old coots will clean out the treasury." this is alan simpson in his best but a completely different venue. >> i talked to him today and he said "i think i could go around the world in 90 days and never had the impact that this silly little thing did." and the idea behind this, he's hooked up with "the can kicks back" helping young people try to get involved and get engaged in the fiscal cliff and making decisions. and they're using a lot of twitter and other social media to make their point. >> ifill: they tweeted "w
way of arguing this social -- this fiscal cliff argument. turns out he's not alone. let's look at something we've been seeing this week. >> stop instagramming your breakfast and tweeting your first world problems and getting on youtube so you can see gang 'nam style. ♪ gangnam style >> and start using those sprerbl social media skills to sign people up on this baby. three people a week, let it grow and don't forget, take part or get taken apart. these old coots will clean out the...
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. >>> let's talk fiscal cliff for a moment. it's getting closer, but the deal still doesn't seem all that close. president obama, congressional republicans seem to be digging in on taxes. a new wall street journal/nbc poll shows an overwhelming majority of americans are siding with the president on this one. republicans polls, a majority now favoring compromise. white house correspondent brianna keilar is following some of these negotiations for us. 19 days and counting. how is it feeling? >> reporter: right now it's not going well, at least that's what you get when you listen to house speaker john boehner talk about conversations with the president. they are talking, soledad. the staff of both the white house and house republicans are in touch, but speaker boehner said about his sunday conversation with president obama that it was cordial, and then he said about his tuesday conversation with the president that it was deliberate and frank. so you -- it doesn't take too much to read between the lines there to show you that thing
. >>> let's talk fiscal cliff for a moment. it's getting closer, but the deal still doesn't seem all that close. president obama, congressional republicans seem to be digging in on taxes. a new wall street journal/nbc poll shows an overwhelming majority of americans are siding with the president on this one. republicans polls, a majority now favoring compromise. white house correspondent brianna keilar is following some of these negotiations for us. 19 days and counting. how is it...
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cliff talks raising billions of dollars in november compared to the previous month. it is up, believe it or not, $1.1 trillion coming year-over-year. will this put pressure on the white house and congress to put bispending cuts on the table? let's ask scott garrett of new jersey and vice-chairman of the budget committee. $1.1 trillion deficit for 2012 budget. that is just not there. >> it is not good. i understand that you're going to have a marriage counselor? [laughter] so i assume the answer is that one of the issues that lead to a breakup is right overspending. that's what we have here. tracy: we are dying to know why we can't get this figured out. >> well, just as in marriage, to solve the problem on spending some you have to sit around a the kitchen table and get open the checkbook. i guess that is the exact same thing that needs to be going on here in washington. speaker boehner has been trying to do that. the money is just flowing out, we will continue to talk about the legislature and the president has not come to the kitchen table with a real plan. tracy: t
cliff talks raising billions of dollars in november compared to the previous month. it is up, believe it or not, $1.1 trillion coming year-over-year. will this put pressure on the white house and congress to put bispending cuts on the table? let's ask scott garrett of new jersey and vice-chairman of the budget committee. $1.1 trillion deficit for 2012 budget. that is just not there. >> it is not good. i understand that you're going to have a marriage counselor? [laughter] so i assume the...
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the corporate taxes may be part of the fiscal cliff talks. here is dan mitchell, senior fellow at the cato institute. google stashed $10 million in bermuda, hp has almost all of its cash offshore and apple said to shareholders, two-thirds of its $121 billion of cash is held outside the united states. now why is that? is it just because they hate america? >> two things to understand. number one, everything they do is completely legal. it's foreign source income that is being taxed in the countries where it's being earned. but, number, two, the u.s. has the highest corporate tax rate in the developed world. these companies if they bring that money back to the united states will be double taxed on top of what they paid oversea, yes, with some credit so maybe it doesn't get too much above 35% but we are shooting ourselves in the foot with very bad corporate tax policy. >> will president obama clahang that with this talk of corporate tax reform? >> i don't want to burst your bubble. i'm not sure the administration is serious about this. we've seen
the corporate taxes may be part of the fiscal cliff talks. here is dan mitchell, senior fellow at the cato institute. google stashed $10 million in bermuda, hp has almost all of its cash offshore and apple said to shareholders, two-thirds of its $121 billion of cash is held outside the united states. now why is that? is it just because they hate america? >> two things to understand. number one, everything they do is completely legal. it's foreign source income that is being taxed in the...
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it's here -- the greatest malibu ever. ♪ >>> the clock keeps ticking on the fiscal cliff talks, plenty of pessimism a deal can get done before christmas. we bring in our gaggle. alfonso agular. blanche, i want to start with you. do the jet fumes of national mean anything anymore? i was confident that a post-election lame duck would sort of make it a lot easier for a deal to be cut but i am -- i'm pretty pessimistic this morning. >> well, i think they know, unfortunately, that there's probably a two-week cushion after the new year of some degree. but i also think that a lot of members got told that, you know, it doesn't look like anybody's going to work hard enough before christmas -- the christmas break so you're going to be here the week between christmas and new years. so there's a lot of scurrying going on up there. >> and members, they're prepared to stay? >> i think so. >> if they're prepared to stay, the incentive to cut the deal -- you take away a big incentive and that sometimes is helpful in negotiations. it's not just the cliff, you throw in another aspect, which is you assum
it's here -- the greatest malibu ever. ♪ >>> the clock keeps ticking on the fiscal cliff talks, plenty of pessimism a deal can get done before christmas. we bring in our gaggle. alfonso agular. blanche, i want to start with you. do the jet fumes of national mean anything anymore? i was confident that a post-election lame duck would sort of make it a lot easier for a deal to be cut but i am -- i'm pretty pessimistic this morning. >> well, i think they know, unfortunately, that...
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cliff, the speaker says ohio has both cell phone service and airports so if the president wants to talk or meet, it won't be a problem at all. at this point, nothing is scheduled. what does that mean to you about the talks at this point? >> my read is the republicans and john boehner, in order to get his caucus involved, they are insisting on getting the ryan budget and the romney budget plan through by negotiation fiat. they didn't whip the election but they still want -- they want to win by negotiation fiat. i think that they are -- in order to save face, they are demanding that there be severe cuts to medicare, social security. i think they want the change, the president to agree to the chained cpi for social security, raise the medicare age and wants to back down from cutting tax decreases -- increases, i'm sorry, for the top 2%. they want the president essentially to cave. also. >> so you believe republicans are more focused on entitlements and changing the medicare eligibility age than they are on inkrieg the tax rate you do you think that is their priority at this point? >> i do.
cliff, the speaker says ohio has both cell phone service and airports so if the president wants to talk or meet, it won't be a problem at all. at this point, nothing is scheduled. what does that mean to you about the talks at this point? >> my read is the republicans and john boehner, in order to get his caucus involved, they are insisting on getting the ryan budget and the romney budget plan through by negotiation fiat. they didn't whip the election but they still want -- they want to...
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the aide said the meeting is taking place a shakeup of some sort is required in the fiscal cliff talks due to the inflexibility of the white house. now, what that shakeup is was not spelled out to me, but there are two ways that that can go. one is for the white house to suddenly give ground on spending cuts and detail additional entitlement savings as the speaker has requested, but another way to do it which seems more likely given the cracks in republican unity is if republicans decouple the top tax rates from those at the bottom, that is the president's proposal to extend the tax cuts for 98% of american families and let taxes go up for the 2%, don't know that that's going to happen but the idea of a shakeup in the talks suggest to me that we may be at some sort of a break point. >> so shakeup being real -- real changes from what we've heard so far. i hear what you're saying on taxes. what's the shakeup on spending, john? >> reporter: well, that's the question. what i said a moment ago, maria, was that the republican aide said the white house sip flexible. we hope what comes out of
the aide said the meeting is taking place a shakeup of some sort is required in the fiscal cliff talks due to the inflexibility of the white house. now, what that shakeup is was not spelled out to me, but there are two ways that that can go. one is for the white house to suddenly give ground on spending cuts and detail additional entitlement savings as the speaker has requested, but another way to do it which seems more likely given the cracks in republican unity is if republicans decouple the...
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cliff talks compared to only 19% who trust speaker boehner and the republicans. obviously the president has got some leverage. and then "the new york times" also found that a disturbing finding, i think, that 85% of john boehner's republicans in the congress who just won re-election with more than 55% of the vote. that, to me, is a problem for the president as well. because they think they have a mandate. each individual one as they come into their office. >> bill: yeah, they're living in a parallel universe. it is like, you know, jay carney today called it fantasy economics. it is also fantasy politics. look, they lost the white house. they lost the senate. they lost eight seats in the house of representatives. the american people are not with them on this issue. here's what i'm afraid is going to happen. they're going to agree. let the 98% go through. they'll put that up for a vote. that will pass the house. they'll let the tax cuts go up on the wealthiest of americans. 2% at the end of the year. then they're going to kick the can down the road and we're going
cliff talks compared to only 19% who trust speaker boehner and the republicans. obviously the president has got some leverage. and then "the new york times" also found that a disturbing finding, i think, that 85% of john boehner's republicans in the congress who just won re-election with more than 55% of the vote. that, to me, is a problem for the president as well. because they think they have a mandate. each individual one as they come into their office. >> bill: yeah, they're...
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cliff" talks. a lot of worries on wall street if an agreement can't be reached by the end of the year. but as far as of the economy goes, decent news especially on the job market. the labor department reporting that first time unemployment claims fell by 29,000 to 343,000 the lowest level in two months and the second lowest level of the year. it suggests hiring is outpacing firing. the four-week average down to 381,000, still an effect from sandy affecting that number. as far as retail sales go in november, we saw a pretty decent gain up 3/10ths of a percent after a similar loss the month before. better when you strip out falling gas prices. sales were up 8/10ths of a percent. wholesale side inflation fell faster than expected last month. >>> google has come back to apple as far as maps go. apple having all sorts of problems with its map that replaced google maps a few months ago led to an apology from the ceo tim cook the firing of a long-time direction and lots of bad directions. so apple will br
cliff" talks. a lot of worries on wall street if an agreement can't be reached by the end of the year. but as far as of the economy goes, decent news especially on the job market. the labor department reporting that first time unemployment claims fell by 29,000 to 343,000 the lowest level in two months and the second lowest level of the year. it suggests hiring is outpacing firing. the four-week average down to 381,000, still an effect from sandy affecting that number. as far as retail...
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he will join us on the fiscal cliff talks and reflect on his 26 years in washington, what is wrong with the senate. (announcer) when subaru owners look in the mirror, they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. get 0% apr financing for 36 months on a 2013 subaru forester and we'll donate 250 dollars to your choice of 5 charities. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. darrell hasn't been able to visit his mom back east in a long time. [ mom ] things are sometimes a little tight. i wasn't able to go to the wedding. [ emily jo ] since da
he will join us on the fiscal cliff talks and reflect on his 26 years in washington, what is wrong with the senate. (announcer) when subaru owners look in the mirror, they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd....
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he will join us on the fiscal cliff talks and reflect on his 26 years in washington, what is wrong with the senate. >>> there are problems here. there are problems in this chamber. as proud as i am of this institution, and i will forever be, i have detected over the 26 years i've been here a change. we spend now too much of our time seeking partisan advantage. and it happens on both sides. and it's all understandable. i understand it. i'm not being critical of individuals. we spend too little time trying to solve problems. >> welcome back to "the ed show." that was north dakota senator kent conrad on the floor of the senate earlier today, reflecting on his 26 years in washington. conrad will leave the senate in january as chairman of the senate budget committee. conrad understands the numbers better than anyone else. and the senator predicted the mess we would find ourselves in with the bush tax cuts a decade ago. take a look. >> the administration told us that we could have a massive tax cut and they would still be able to have maximum paydown of the debt and protect social security. n
he will join us on the fiscal cliff talks and reflect on his 26 years in washington, what is wrong with the senate. >>> there are problems here. there are problems in this chamber. as proud as i am of this institution, and i will forever be, i have detected over the 26 years i've been here a change. we spend now too much of our time seeking partisan advantage. and it happens on both sides. and it's all understandable. i understand it. i'm not being critical of individuals. we spend too...
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cliff talks. pushing the president to come up with some spending cuts. we will have it live as soon as it starts. before that, let's make a little money. charles payne is here. tell us your stock today. charles: they make great cars. the demand is absolutely on fire. the liquefying the commodities, natural gas, i think there will be a lot of money there. as you are worried about this fiscal cliff stuff, this is one of the companies that has done very well in a recessionary. they have managed extraordinarily well. connell: i mentioned a moment ago. again, we are waiting for speaker john boehner. i mentioned a moment ago that the speakership and job is on the line. he will come out, rich erickson was telling us, the missing ingredient is the spending cuts. the president has not been serious. where do you think we are in all of this? charles: this whole thing came about because of the debt ceiling compromise. now it feels like that entire thing has been flip-flopped. connell: i guess you would not ha
cliff talks. pushing the president to come up with some spending cuts. we will have it live as soon as it starts. before that, let's make a little money. charles payne is here. tell us your stock today. charles: they make great cars. the demand is absolutely on fire. the liquefying the commodities, natural gas, i think there will be a lot of money there. as you are worried about this fiscal cliff stuff, this is one of the companies that has done very well in a recessionary. they have managed...
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he will join us on the fiscal cliff talks and reflect on his 26 years in washington. what is wrong with the senate? hey sis, it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. okay, i'm outta here. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healt
he will join us on the fiscal cliff talks and reflect on his 26 years in washington. what is wrong with the senate? hey sis, it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too...
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. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while speaker boehner says the president moved the goal post and wants too much in revenue. something we don't hear about is public opinion. most registered voters 57 percent feel the best way to deal with the budget problems is with cuts in spending. 20 percent think tax increases are a better solution and a little less 18 percent favor a balanced approach of cuts and tax hikes. and when asked if raising taxes on the wealthy is enough to solve the country's budget problems, 33 percent of registered voters said yes. but man fee more, 61 percent said spending cuts are necessary as well. this comes as three quarte
. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while...
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so that's what it will look like if we fall off the fiscal cliff. i'm talking about how the stock market acted today, particularly near the end of the day before the closing rally, dow diving 75 points. s & p seeking .63%. nasdaq, punching .72%. because now it's dawning on stock holders they are facing something like the debt ceiling debacle. if the armed camps in washington don't disarm, and agree to talk to each other in a serious way, and not just the bluster sessions that seem to be happening daily these days, which reminds me, do you remember -- do you remember the debt ceiling nightmare last year? going to those horrendous talks last summer, everybody felt very confident that the president and congress weren't really at lagger heads. market was almost at its high. pretty good, vix low. then like now, we heard that the discord was only political posturi posturing. the stock market forwarded ahead, and the complacency was thick and more people worried about moissing a move up rather than talks break down and we might actually default. every time
so that's what it will look like if we fall off the fiscal cliff. i'm talking about how the stock market acted today, particularly near the end of the day before the closing rally, dow diving 75 points. s & p seeking .63%. nasdaq, punching .72%. because now it's dawning on stock holders they are facing something like the debt ceiling debacle. if the armed camps in washington don't disarm, and agree to talk to each other in a serious way, and not just the bluster sessions that seem to be...
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. >> eric: we haven't talked about in a long time, the fiscal cliff. the only way you really talk about the fiscal cliff, might be this way. >> ♪ fiscal cliff, you know the time has come ♪ ♪ ♪ ♪ and it won't be sparing anyone ♪ ♪ you'll see ♪ you'll see >> eric: you accept it for me on twitter. i love it. keep it coming. >> bob: who is that? >> eric: todd chappelle. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to tease for friday, which is i am -- i got to buy the farm. get it. think we haven't heard that. >> bob: promote something? >> dana: on friday, tomorrow i'm going to vegas and i'm going to the national rod
. >> eric: we haven't talked about in a long time, the fiscal cliff. the only way you really talk about the fiscal cliff, might be this way. >> ♪ fiscal cliff, you know the time has come ♪ ♪ ♪ ♪ and it won't be sparing anyone ♪ ♪ you'll see ♪ you'll see >> eric: you accept it for me on twitter. i love it. keep it coming. >> bob: who is that? >> eric: todd chappelle. >> dana: i have something also about the fiscal cliff. something you haven't...
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and fiscal cliff talks appear stalled. almost two-thirds of americans say the election results give president obama a mandate to raise taxes on the wealthy. and 64% say obama has a mandate to protect entitlement programs like social security and medicaid. >> and it's not raising taxes on them, it's letting the old tax cuts expire as they were supposed to do two years ago. >> thank you. >> stephanie: good morning, congress woman judy chu. >> good morning. >> stephanie: thanks for take time with us. >> it's great to be with you. >> stephanie: i'm sure you are looking at the same polls i am the vast majority of americans agree with him exactly on these issues, right? >> exactly. in fact it is really upside down. the people who lost the election are protecting the top 2% the people who won the election are fighting to protect the tax rate of 98% of americans. >> stephanie: thank you. i thought i read this wrong this morning. i don't think john boehner understands what compromise means. the president reduced the income from $12
and fiscal cliff talks appear stalled. almost two-thirds of americans say the election results give president obama a mandate to raise taxes on the wealthy. and 64% say obama has a mandate to protect entitlement programs like social security and medicaid. >> and it's not raising taxes on them, it's letting the old tax cuts expire as they were supposed to do two years ago. >> thank you. >> stephanie: good morning, congress woman judy chu. >> good morning. >>...
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as implied by the entire fiscal cliff. i think that is probably the underlying assumption that most people talk when they made their projections. you're absolutely right that there is a lot of uncertainty right now and of the fiscal cliff situation turns out to be innate way to resolve the differently than we suspect, you will see different forecasts. >> could you talk about whether the decision to maintain the monthly bond purchases at $85 billion per month represents a ramping up of that policy? you could be adding more to the balance sheet now. also, you talked about maintaining the asset purchases in light of the improvement in the labour market. you got this 6.5% inflation threshold out there. can you talk about what evidence you see to change the pace or slow the pace? >> the first part of your question was -- >> is this an additional stimulus? >> no, i think this is a continuation of what we said in september. we expressed dissatisfaction with progress in the labour market. at that point, we began the $40 -- $40 bil
as implied by the entire fiscal cliff. i think that is probably the underlying assumption that most people talk when they made their projections. you're absolutely right that there is a lot of uncertainty right now and of the fiscal cliff situation turns out to be innate way to resolve the differently than we suspect, you will see different forecasts. >> could you talk about whether the decision to maintain the monthly bond purchases at $85 billion per month represents a ramping up of...
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we're talking michigan. we're talking fiscal cliff. we're talking antonin scalia. any of the above. 1-866-55-press. >> announcer: heard around the country and seen on current tv this is the "bill press show." happened and more importantly, what's going to happen tomorrow. there is so much going on that every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know happened and more importantly, what's going to happen tomorrow. (vo) you've heard bill's views now let's hear yours. >> politically direct means no bs, just tellling you what's going on in politics today. (vo) at the only online forum with a direct line to bill press. current.com/billpress >> announcer: this is the "bill pres
we're talking michigan. we're talking fiscal cliff. we're talking antonin scalia. any of the above. 1-866-55-press. >> announcer: heard around the country and seen on current tv this is the "bill press show." happened and more importantly, what's going to happen tomorrow. there is so much going on that every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid....
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we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happened just a few months ago. i think that's why it is very important. elsewhere, defense stocks. here is a group that's very worried about frustration when mr. bernanke started getting tampered with questions on the fiscal cliff. you saw the defense stocks move down. very rare miss in home builders. they had disappointing earnings and that has not happened much in the last couple quarters with home builders. >> certainly hasn't been. bob, i will see you later. >> commodities taking a hit after the fed's move. oil is down, gold is dropping below the 1700 level. sharon is at the nimex with a $20 loss in gold, sharon? >> fading quickly fr
we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happened just a few months ago. i think...
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we talked to mark reuss earlier in the day talking about the fiscal cliff being introduced at a time when the country could be an economic role. telling me he think they will make money even if the nation goes forward over the fiscal cliff. >> we can make a lot of money at fiscal cliff levels, but plans in place to do all that. we don't think we need to. >> what does your internal planning say if you go over? >> we take a look at different car lines by segment and look at where the strike is a and look t the pent-up demand. >> this is a huge vehicle for gm, the best-selling of all gm vehicles. a quick look at what they unveil look like, a really exciting unveil. harkening back the old old days where they blew things up and crash cars through things. a big unveiling for g gm. good luck to them, they will need it. ashley: love the fireworks. jeff flock, thank you very much. tracy: talks in washington seem to be going nowhere, so is it too late to avoid going over the fiscal cliff? making waves by saying the house should pass tax cut for middle income americans and to do it now. he join
we talked to mark reuss earlier in the day talking about the fiscal cliff being introduced at a time when the country could be an economic role. telling me he think they will make money even if the nation goes forward over the fiscal cliff. >> we can make a lot of money at fiscal cliff levels, but plans in place to do all that. we don't think we need to. >> what does your internal planning say if you go over? >> we take a look at different car lines by segment and look at...
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i don't want to talk about the fiscal cliff and you don't want to hear about it. for the next 20 days, all pundit are contractually obligated to talk budgetary policy and you the viewer are obligated to listen. check your cable contract. (laughter) it's right below the part where come cast gets your kidneys. they'll be there to pick them up tomorrow between the hours of 9:00 a.m. and 6:00 p.m. wear something loose. (laughter) if the parties here cannot agree to a budget deal by january 1, automatic spending cuts will kick in and plunge america into a second recession things are not looking too good. >> in washington, a fly in the ointment. debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's
i don't want to talk about the fiscal cliff and you don't want to hear about it. for the next 20 days, all pundit are contractually obligated to talk budgetary policy and you the viewer are obligated to listen. check your cable contract. (laughter) it's right below the part where come cast gets your kidneys. they'll be there to pick them up tomorrow between the hours of 9:00 a.m. and 6:00 p.m. wear something loose. (laughter) if the parties here cannot agree to a budget deal by january 1,...
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norah o'donnell is off. >>> talks to avoid the fiscal cliff are off. they talked twice this week and boehner says they still have serious differences. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and gayle. the knives are coming out in the fiscal cliff process. i don't mean the political ones. today i've learned house members, republican and democrat, received a letter ordering 11% across the board spending cuts in their own office budget to comply with the government line across the board spending cuts if there is no fiscal cliff deal. dealing with those cuts might force some action. that's going to be necessary. the stalemate right now is genuine. president obama wants republicans to commit publicly to raising income tax rates on the top 2% of households. republicans want the president to commit to spending cuts. then they'll talk about raising taxes next year in the context of tax reform but neither side trusts each other's motives or willingness to cut a deal. that lack of trust as well as a lack of s
norah o'donnell is off. >>> talks to avoid the fiscal cliff are off. they talked twice this week and boehner says they still have serious differences. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and gayle. the knives are coming out in the fiscal cliff process. i don't mean the political ones. today i've learned house members, republican and democrat, received a letter ordering 11% across the board spending cuts in their own office...
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as the house wraps up, boehner briefed reporters on the status of the fiscal cliff talks. this is 10 minutes. >> good morning, everyone. more than five weeks ago republicans signaled our willingness to avert the fiscal cliff with a bipartisan agreement that is truly balanced and begins to solve our spending problems. president still has not made an offer that meets those two standards. republicans have. while the president promised the american people a balanced approach, his proposals have been anything but. he wants far more in tax hikes and spending cuts he'd once new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts for -- or reforms. it is clear the president is not serious about cutting spending. spending is a problem. how big the problem? look at this chuart. this line is the current base line for revenue. here, if the president got everything he wanted, over $1.40 trillion in taxes, this is what that would represent. if you look at the spending problem, you see it does nothing. nothing to stop the spending problem that our
as the house wraps up, boehner briefed reporters on the status of the fiscal cliff talks. this is 10 minutes. >> good morning, everyone. more than five weeks ago republicans signaled our willingness to avert the fiscal cliff with a bipartisan agreement that is truly balanced and begins to solve our spending problems. president still has not made an offer that meets those two standards. republicans have. while the president promised the american people a balanced approach, his proposals...
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then ben bernanke talked about the fiscal cliff that ended that rally, stocks coming off their highs, index, swung 102 points over second, and s&p finished where it began, nascar -- nazdaq down over 8 points, and trading on big board, busiest in the week, walmart a big mover, dropping retailer part of an overall weak group, best answer, profit taking with the sell-off walmart up, 18 -- almost 19ers in on the year, 10 year, yield rising to 1.69%, and crude market, up, joining me now, wells fargo chief economist, john silviia, 6.5% is target for fed chairman and the fed, that is the unemployment rate they want to hit, i have never heard of the fed doing this before. have you? >> no, this is -- there is a danger for fed being so specific. in a particular number, what we've seen, in the last two years, is that the unemployment rate has dropped, for whatever reason, by a 1% each year, that means 7. searc 7 we could be 6.n one year, is that is far ahead of between 15 -- the 2015 in the marketplace. lou: terrible thing about that is and would be, it would be the result of more people leaving
then ben bernanke talked about the fiscal cliff that ended that rally, stocks coming off their highs, index, swung 102 points over second, and s&p finished where it began, nascar -- nazdaq down over 8 points, and trading on big board, busiest in the week, walmart a big mover, dropping retailer part of an overall weak group, best answer, profit taking with the sell-off walmart up, 18 -- almost 19ers in on the year, 10 year, yield rising to 1.69%, and crude market, up, joining me now, wells...
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>>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details from the white house on potential cuts and entitlement programs. the white house has shown no willingness to go further than they've already gone and they are winning this argument in terms of public opinion. so, another possibility for a shakeup is for republicans to some how give ground and we'll see whether that happens on decoupling top tax rates, 98% of american families. we're going to have to see what h
>>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in...
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talks on the fiscal cliff appear to be hitting a wall as democrats and the gop remain stuck on the latest offers from each camp. the gop is stuck on extending bush-era tax breaks for the wealthy, and republicans say the president is failing to reduce government spending. "where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff." "we have been calling on the speaker to bring forth a middle-income tax cut now for a very long time - in fact, since last summer when it passed the united states senate." here's a side-by-side check of where they stand: the president's plan calls for a raising $1.6 trillion in revenue by boosting tax rates on the incomes above $200,000 for individuals and $250,000 for couples. president obama also recommends $400 billion in spending cuts. representative boehner's calls for $800 billion in new revenue, $600 billion in savings from medicare and medicaid, and $300 billion from other domestic programs. in a big slip for small business, confidence took a tumble in november. the nation
talks on the fiscal cliff appear to be hitting a wall as democrats and the gop remain stuck on the latest offers from each camp. the gop is stuck on extending bush-era tax breaks for the wealthy, and republicans say the president is failing to reduce government spending. "where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff." "we have been calling on the speaker to bring forth a middle-income...
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the fiscal cliff. so they can extend that by a matter of months. at least get the middle-class tax extension done in a bill, and maybe they set up a framework where they say we're going to, you know, cut $600 billion out of the medicare program. we're going to do it in the year of 2013. the committees will be assigned that task. if they fail to come up with it, then there will be a trigger that forces that amount of cuts, sort of a sequester 2. i think that's one of the ways they go about this. you are right, talking to the white house, they want to hear boehner say yes, i'll do the tax increases first, and i can deliver those votes before the president's in a position to commit what he's already committed to, by the way. things like being open to raising the medicare retirement age or means testing. i think raising the age right now could be tough on his left flank. but some of this stuff was already on the table last year. >> and i think that's a really important point that the republicans don't give
the fiscal cliff. so they can extend that by a matter of months. at least get the middle-class tax extension done in a bill, and maybe they set up a framework where they say we're going to, you know, cut $600 billion out of the medicare program. we're going to do it in the year of 2013. the committees will be assigned that task. if they fail to come up with it, then there will be a trigger that forces that amount of cuts, sort of a sequester 2. i think that's one of the ways they go about this....
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we're talking about the fiscal cliff running out of time, so different factors people are trying to play the end of the year trade. we're getting down to the end of things now. liz: what were they buying today, what were they selling? >> a follow-up from what we have seen in the past and what we think we will see in the future. just because regulations will be a little bit more transparent coming forward and the energy sector has been a hot one. how will that play in 2013. my clients are not looking at tomorrow or next week, they're looking to second quarter next year. liz: that is smart. i know you're looking at oil as well, looking at the aftermarket down another dollar on top of the $20 closing. no help at all. history the dollar was so weak the dollar still cannot manage, but what is this about? >> i know you love and we dip. liz: i think it is fascinating to watch, which truly is. >> yesterday the dollar was lower, today the dollar is higher. the dollar was pretty strong today. i agree with him about it being sensitive, but i think there is uncertainty. we are not really doing anyth
we're talking about the fiscal cliff running out of time, so different factors people are trying to play the end of the year trade. we're getting down to the end of things now. liz: what were they buying today, what were they selling? >> a follow-up from what we have seen in the past and what we think we will see in the future. just because regulations will be a little bit more transparent coming forward and the energy sector has been a hot one. how will that play in 2013. my clients are...
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. >>> and in washington, no progress on talks to avoid the fiscal cliff. house speaker john boehner says serious differences remain between him and president obama, over raising taxes and cutting spending. 14 and a fascinating historical note. ahead of mr. obama's second public inauguration, by the time it's over on january 21st, the president will have tied fdr because he'll have been sworn in four times. mr. obama will take a private oath on sunday, january 20th, as required by the constitution. the very next day, he will take it publicly. the president also took two oaths in 2009, after a flub by chief justice john roberts. >> a lot of swearing. >> yes. >> two terms, four swearing. not four terms. >>> and south korea says the satellite north korea launched is orbiting the earth normally. but whether it's functioning properly, that's another question. yesterday's launch has drawn international condemnation. the u.s. and its allies are pushing for stronger sanctions. but china, north korea's biggest supporter says, a moderation is needed to avoid further
. >>> and in washington, no progress on talks to avoid the fiscal cliff. house speaker john boehner says serious differences remain between him and president obama, over raising taxes and cutting spending. 14 and a fascinating historical note. ahead of mr. obama's second public inauguration, by the time it's over on january 21st, the president will have tied fdr because he'll have been sworn in four times. mr. obama will take a private oath on sunday, january 20th, as required by the...
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and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they want either way. this is trufrustrating republic. when i talk to republicans privately, they say this is hugest from trags. the speaker has put $800 billion on the table and said he would go higher than if the president would come along with spending cuts. >> how high are you hearing? >> it's unclear. i think he's just signaling a willingness which many republicans tell me will also end up being a move on the tax rates. but he can't go there with his caucus, unless he has the spending cuts that he can sell $800 billion in revenue, and we're going to get you $800 billion in spending cuts. democrats don't
and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they...
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the impending fiscal cliff. the two sides have reported it will patrol gress so far. so what now? that satellite launched earlier in week by north korea, may or may not be working properly. u.s. officials indicate the spacecraft is tumbling. but not likely to crash in to the earth. there are questions about whether the national labor relations board has gone from impartial rulings to a pro-union bias. we look at the agency. "special report" from washington starts at 6:00 eastern. now have back to fork and my colleagues with "the five." ♪ ♪ >> andrea: welcome back to "the five." barbara walters revealed her most fascinating person picked last night. we'll tell you our thoughts in a moment. but first, the list inspired me along with "time" magazine upcoming person of the year naming to hit the streets to ask americans who they think deserves the title. who do you think should be person of the year? >> harry from one direction. >> eli manning. >> the president. >> i think mitt romney. i think. i mean it's hard
the impending fiscal cliff. the two sides have reported it will patrol gress so far. so what now? that satellite launched earlier in week by north korea, may or may not be working properly. u.s. officials indicate the spacecraft is tumbling. but not likely to crash in to the earth. there are questions about whether the national labor relations board has gone from impartial rulings to a pro-union bias. we look at the agency. "special report" from washington starts at 6:00 eastern. now...
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he is behind closed doors right now with the president, talking about the fiscal cliff. this may be a last ditch attempt to try to get a deal. >> president obama was not fretting about the fiscal cliff as he strolled to a holiday party, joking with fox news about the warm weather and expressing hope about a deal. >> it's a work in propro gress. >> speaker boehner not so hopeful. >> it's this issue. spending. he rails against what he claims is not enough spending cut in the proposal and slammed the push for executive powr to raise the debt ceiling something that the democrats never would have given former president george w. bush. >> do you think there is any chance senator obama would have done that? zero. congress is never going to give up our ability to control the purse. >> new fox poll suggests the public wants spending reigned in, with 4% saying the federal government provides too many services. only 20% says too few services, 25% says the right amount. yet, the talks are now so far off-track a senior democrat tells fox at private dinner on wednesday, senate majorit
he is behind closed doors right now with the president, talking about the fiscal cliff. this may be a last ditch attempt to try to get a deal. >> president obama was not fretting about the fiscal cliff as he strolled to a holiday party, joking with fox news about the warm weather and expressing hope about a deal. >> it's a work in propro gress. >> speaker boehner not so hopeful. >> it's this issue. spending. he rails against what he claims is not enough spending cut in...
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when we're talking about this fiscal cliff, we're not talking about having a jobs component in it. when are we going to start talking about tax breaks so we can have an infrastructure bank, so we can rebuild america using american products. and why is it when they say you want it made in america, they call us protectionist. well, i welcome the call of protection. i want to protect american jobs. i don't want them on a slow boat to china or a fast track to mexico. i might not ever get my steel mill back. baltimore might not ever have those jobs back but, you know, we've got to get serious in our country, what are our priorities. we have to start rewarding those industries that make products in this country. right now our whole code is oriented to protecting people who make money off of money. well, let me tell you, one day america -- we're already getting a big wake-up call. so, madam president, i have fought for more than 25 years to reverse this tide against american manufacturing and against american steel, and i'm going to keep on fighting. but right now as we go on to -- debati
when we're talking about this fiscal cliff, we're not talking about having a jobs component in it. when are we going to start talking about tax breaks so we can have an infrastructure bank, so we can rebuild america using american products. and why is it when they say you want it made in america, they call us protectionist. well, i welcome the call of protection. i want to protect american jobs. i don't want them on a slow boat to china or a fast track to mexico. i might not ever get my steel...
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then our guest from kaiser health talks about the potential impact of the fiscal cliff on medicare. "washington journal" starts at 7:00 a.m. eastern on c-span. >> i've been on that list, they are as good as gold. >> all of us in this country are starting to see people coming out and talking about their experience of this phenomenon. though many of us have experienced this in one way or another and have no words for it other than adolescence when growing up. i think there was a moment where there was a possibility for change. the director and i, to start the film, i have the feeling that opinions are bubbling up and coming to the surface to say to say this is something that we can can't accept any more as part of our culture. and he alone has followed up her award-winning film by gathering essays and personal stories together in her book, bully on "after words" on c-span2. find more booktv online and like us on facebook. >> north dakota senator kent conrad said goodbye to the senate on thursday. he chaired the senate budget committee and is involved in the fiscal deadline negotiation
then our guest from kaiser health talks about the potential impact of the fiscal cliff on medicare. "washington journal" starts at 7:00 a.m. eastern on c-span. >> i've been on that list, they are as good as gold. >> all of us in this country are starting to see people coming out and talking about their experience of this phenomenon. though many of us have experienced this in one way or another and have no words for it other than adolescence when growing up. i think there...
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looking forward. >> well, he actually underscored that, talking about the need to resolve fiscal cliff in the u.s. european investors, should they be concerned now? how many days do we have left before the end of the year that we don't have an agreement yet? >> i think should we be concerned? probably not really, i don't think. i think the outcome on in terms of the prospect for the u.s. economy in the coming year could be impacted by what happens with the fiscal cliff, but i think some sort of arrangement will be made sooner rather than later. you're not going to feel the full impact of the fiscal cliff. what we're likely to see out of the u.s. is modest economic growth, maybe not as strong as some of the bulls had hoped for. >> but also not as weak as to derail its current path? >> yeah. >> now, i wanted to talk briefly about 2013. when it comes to equity outlook, what sectors do you like? any particular names that you would like? >> there's a handful of areas that we're focusing towards and a handful of areas that we're focusing away from. and if i start with sort of where we've got
looking forward. >> well, he actually underscored that, talking about the need to resolve fiscal cliff in the u.s. european investors, should they be concerned now? how many days do we have left before the end of the year that we don't have an agreement yet? >> i think should we be concerned? probably not really, i don't think. i think the outcome on in terms of the prospect for the u.s. economy in the coming year could be impacted by what happens with the fiscal cliff, but i think...
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we're awaiting for speaker boehner and update on talks and negotiations for the fiscal cliff. as soon as he steps to the microphone we'll bring you there. we'll be back with more "happening now". jon: speaker of the house john boehner beginning his weekly news update. >> the president still has not made an offer that meets those two standards but republicans have. while the president promised the american people a balanced approach hess proposals have been anything but. he wants far more in tax hikes than in spending cuts. instead of beginning to solve our debt problem he wants new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. that's clear the president is just not serious about cutting spending, but spending is the problem. how big of a problem? look at this chart put together by paul ryan and the budget committee. this line is the current baseline for revenue. here if the president got everything he wanted, over $1.4 trillion in taxes, this is what that would represent. but if you look at the spending problem, you se
we're awaiting for speaker boehner and update on talks and negotiations for the fiscal cliff. as soon as he steps to the microphone we'll bring you there. we'll be back with more "happening now". jon: speaker of the house john boehner beginning his weekly news update. >> the president still has not made an offer that meets those two standards but republicans have. while the president promised the american people a balanced approach hess proposals have been anything but. he wants...
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Dec 13, 2012
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. >>> coming up, who isn't talking about the fiscal cliff? well, the tea party. later in the rewrite, why abraham lincoln spoils the never raised taxes argument for republicans. that's coming up >>> what hillary clinton said tonight about running for president. >>> later, we will have a very special update about the kind fund. zeebox would be some sort of fancy, french mustard. just like adding fancy mustard to a hotdog makes you go "woah!," zeebox adds video, info, and playalongs to spice up your favorite shows. download zeebox free and say "woah" every time you watch tv. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ phillips' lady ] live the regular life. phillips'. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ l
. >>> coming up, who isn't talking about the fiscal cliff? well, the tea party. later in the rewrite, why abraham lincoln spoils the never raised taxes argument for republicans. that's coming up >>> what hillary clinton said tonight about running for president. >>> later, we will have a very special update about the kind fund. zeebox would be some sort of fancy, french mustard. just like adding fancy mustard to a hotdog makes you go "woah!," zeebox adds...
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Dec 13, 2012
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. >>> coming up, who isn't talking about the fiscal cliff? well, the tea party. later in the rewrite, why abraham lincoln spoils the never raised taxes argument for republicans. that's coming up >>> what hillary clinton said tonight about running for president. >>> later, we will have a very special update about the kind fund. >>> there aren't any taxes in if your tv were a space captain, zeebox would be an alien, first officer. just like an officer helps a captain explore the universe, zeebox helps you discover what shows are most popular, where the biggest buzz is, or what the stars are watching now. download zeebox free, and let your tv go where it's never gone before. download zeebox free, sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. h
. >>> coming up, who isn't talking about the fiscal cliff? well, the tea party. later in the rewrite, why abraham lincoln spoils the never raised taxes argument for republicans. that's coming up >>> what hillary clinton said tonight about running for president. >>> later, we will have a very special update about the kind fund. >>> there aren't any taxes in if your tv were a space captain, zeebox would be an alien, first officer. just like an officer helps a...
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Dec 13, 2012
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host: we're talking about how social security factors into the fiscal cliff. c-span has part of our website set up specifically for the fiscal cliff. cliff.n.org/fiscal we're also following your tweets. if you write hashtag fiscal cliff in them, we can put them on the air. austin is calling from utah. caller: good morning. mr. david barton -- no, anyway, who used to be the comptroller for the budget office, dave walker was on your program back when and he pointed out something all americans need to understand. when the law was written, all the money that goes into the trust fund and gets invested in treasury bills, and treasury bonds = the united states government borrowing money. that equals we are loaning the united states government money. so all the money that has gone into that trust fund over the years goes into bonds and therefore is access to the united states government to spend. the only thing that is in a trust fund right now is basically iou's from the u.s. government. the only way -- place the interest comes from on the treasury bills is from the
host: we're talking about how social security factors into the fiscal cliff. c-span has part of our website set up specifically for the fiscal cliff. cliff.n.org/fiscal we're also following your tweets. if you write hashtag fiscal cliff in them, we can put them on the air. austin is calling from utah. caller: good morning. mr. david barton -- no, anyway, who used to be the comptroller for the budget office, dave walker was on your program back when and he pointed out something all americans...